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98   BOOKKEEPING

  1. Received from R. Grant, cash in full of a/c, $12.35. Paid our acceptance favour of R. Score Si Son with cheque, $150.

  2. Drew a draft at 10 days, on A. Diamond for $25 to close his a/c. Cash Sales for the week, $325.60.

Deposited in the Bank, cash $340.

Paid freight bill for two weeks $11, with cheque.

 

 

INVENTORIES taken Dec. 14, 19-.

Asset Inventories :

tlterchandise on hand    0$3134.50

Furniture and Fixtures on hand    315.00

Liability Inventory :

Expense—Rent and Salaries accrued    65.00

Results :

A. Grierson's Net Gain, $230.81 ; Net Capital, 0$4382.11.

142. Statements of AccountRetail.

These are made out at certain regular periods, usually monthly; they give the items of the customer's purchases and payments on a/c, and the balance due. When Counter Check Books are used, the customer is expected to keep the bills given with each purchase ; then a statement like that in Section 143 is sufficient.

PETERBORO   .ttnnary

r. M. lTorrom

IN ACCOUNT WITH

GRIERSON & PUPIL,

WHOLESALE AND RETAIL GROCERS.

Dec.

2

Account rendered

 

 

28

90

 

7

1 bbl. Sugar, 240# @ 4c.   .   -

9

60

 

 

 

 

1so   876

 

 

 

 

 

 

10 gals. C. Oil, 16c., 25 # Tea 35c.   -

10

35

19

95

 

 

130   ?n

 

 

 

 

 

21

1 doz. cans Vegetables, 2 qts. Oysters 30c.

1

90

 

 

 

 

15_°   10o

 

 

 

 

 

 

l0# Layer Raisins 15c., 2 bags Potatoes 90c.

3

.Yo

5

20

 

 

 

 

 

54

0.5

 

7

Cr.

10

 

 

 

Cash   -

 

10

Note

35

 

45

 

 

 

Balance due

 

 

9

05


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